Navient Co. (NASDAQ:NAVI) Given Average Recommendation of “Hold” by Brokerages

Navient Co. (NASDAQ:NAVI) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.56.

A number of equities research analysts have recently weighed in on NAVI shares. Seaport Global Securities started coverage on Navient in a research note on Thursday, September 30th. They issued a “neutral” rating for the company. Barclays cut their price target on Navient from $26.00 to $25.00 in a report on Monday, January 10th. Wedbush reiterated an “outperform” rating on shares of Navient in a research note on Tuesday, November 2nd. Zacks Investment Research upgraded shares of Navient from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a research note on Monday, November 1st. Finally, Seaport Res Ptn reaffirmed a “neutral” rating on shares of Navient in a report on Thursday, September 30th.

Shares of NASDAQ NAVI opened at $21.92 on Friday. Navient has a twelve month low of $10.83 and a twelve month high of $23.80. The company has a current ratio of 27.93, a quick ratio of 27.93 and a debt-to-equity ratio of 27.66. The stock has a fifty day simple moving average of $20.89 and a 200-day simple moving average of $20.90. The stock has a market capitalization of $3.53 billion, a PE ratio of 4.31 and a beta of 1.71.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Tuesday, October 26th. The credit services provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.07. Navient had a return on equity of 29.54% and a net margin of 25.74%. The business had revenue of $299.00 million during the quarter, compared to analysts’ expectations of $269.99 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The company’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts predict that Navient will post 4.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Shareholders of record on Friday, December 3rd were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.92%. Navient’s payout ratio is currently 12.60%.

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in Navient by 23.6% during the second quarter. FMR LLC now owns 9,782,093 shares of the credit services provider’s stock worth $189,088,000 after purchasing an additional 1,864,585 shares in the last quarter. Invesco Ltd. raised its holdings in Navient by 5.2% during the second quarter. Invesco Ltd. now owns 2,348,853 shares of the credit services provider’s stock worth $45,404,000 after purchasing an additional 115,843 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Navient by 10.3% during the second quarter. Parametric Portfolio Associates LLC now owns 1,831,679 shares of the credit services provider’s stock worth $35,406,000 after purchasing an additional 171,787 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Navient by 536.9% during the third quarter. Allianz Asset Management GmbH now owns 1,683,262 shares of the credit services provider’s stock worth $33,210,000 after purchasing an additional 1,418,986 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of Navient by 43.2% during the third quarter. Morgan Stanley now owns 1,603,781 shares of the credit services provider’s stock worth $31,642,000 after acquiring an additional 484,155 shares during the last quarter. 84.36% of the stock is currently owned by institutional investors.

Navient Company Profile

Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio.

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Analyst Recommendations for Navient (NASDAQ:NAVI)

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